Life insurance provides money typically to beneficiaries after a loved-one who has life insurance dies. Coverage is often provided by employers but can also be purchased separately through an insurance agent. The Ohio Department of Insurance urges consumers to regularly review their need to secure life insurance as part of their financial and estate planning.

Life Insurance Can Help:

• Replace your income with non-taxable death benefit
• Reduce the financial burden on your family of having to continue without you
• Put the kids through school
• Pay the mortgage, car note, and other debts you leave behind
• Pay your funeral expenses
• Pay your estate taxes